Bluestar Q2 Earnings: Notable Margin Improvement, GST Cut Impact On Pricing & Channel Behaviour　 #ETNOW

Blue Star MD B. Thyagarajan speaks exclusively to ET Now on the company’s Q2 performance. Despite muted revenue growth and weather disruptions, Blue Star reported healthy margin expansion. Thyagarajan says the room AC market shrank ~15% due to unseasonal rains, but the long-term growth story remains strong. He also shares insights on commercial air conditioning demand, order book visibility, and what could drive recovery in FY26.

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